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20121201
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the landscape including among islamists in today's "new york times" talks about a neighborhood in cairo one would assume is a muslim brotherhood stronghold for more people are not only hostile to the government, but they studied the constitution. so we push back in different places including the muslim brotherhood candidate for president. so to what extent is diversification reason to hope there really will be a push back in the brotherhood won't build on poses of? >> eric, why don't you take a stab at is the muslim brotherhood monolith and whoever wants to talk about come is this current crisis and essential stage at egypt's political development? >> sure. the islamists in general are clearly not a monolith and it's definitely not my claim. you are correct and i mention in my talk that there is this distinction within the brotherhood between preachers, not judges, people ought less of a politicized role in murphy preaching social outreach will. on the other hand, the courts of this for crude and a strong vanguard, putting off ideological debates and pushing forward with a power-hungry agen
that in the remarks he gave at the new york economic club recently by before thanksgiving and i think the reconciliation is that what we are learning is at least temporarily the financial crisis may have reduced somewhat the underlying potential growth rate of the u.s. economy. it is interfered with business creation and investment in tech illogical advances and so on and that can account for at least part of a somewhat slower growth. at the same time though, of course what's monetary policy influences not potential growth, not the underlying structural growth for many other different policies and things like that but monetary policy affects primarily the state of the fiscal cycle, the amount of excess unemployment for the extent of recession in the economy. there i think we have also perhaps underestimated a bit the recession, but much closer there and i think therefore that we have been able to address that somewhat more effectively with quite accommodative policies. that being said of course we have over time as we have seen disappointments in growth and job creation, obviously as
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